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Oct 30, 2012
10/12
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sandy's reach stretches hundreds of miles. we will talk about its potential impact on everything from economic growth to energy prices. that and more tonight on "n.b.r."!e as we go on the air tonight, hurricane sandy is ready to make landfall in the u.s., already it's an historic storm, with historic preparations. stock markets closed. and coast lines evacuated with tens of millions of people sitting in the forecast path of the massive storm. sandy is a huge storm expected to come ashore in southern new jersey. but the hurricane force winds have been battering the eastern seaboard for hours. those winds extend out 175 miles from the center of the storm. those winds are pushing the atlantic ocean up and over many coast-lin.. from rhode island, south to the jersey shore. coastal flooding is a significant risk thanks to the storm surge, potentially reaching 11 feet in new york harbor. battery park on the tip of manhattan is under a mandatory evacuation, as waves already have topped the sea wall. low lying areas are at substantial
sandy's reach stretches hundreds of miles. we will talk about its potential impact on everything from economic growth to energy prices. that and more tonight on "n.b.r."!e as we go on the air tonight, hurricane sandy is ready to make landfall in the u.s., already it's an historic storm, with historic preparations. stock markets closed. and coast lines evacuated with tens of millions of people sitting in the forecast path of the massive storm. sandy is a huge storm expected to come...
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Nov 2, 2012
11/12
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still ahead, we have more on sandy: flood insurance, the cost of getting power turned back on, and the challenge of getting around america's busiest city. >> tom: october marked a pick-up in private hiring. that's the word from payroll processing firm adp. it says u.s. private payrolls grew by 158,000 positions in october. that higher than expected number comes as adp overhauls how it calculates the number by including more companies in its survey. darren gersh reports. >> reporter: the economic signals out today point in the same direction-- an economy that has moved through a rough couple of months last spring has now found stability. >> slow growth need not be fragile, so we are in a derate growth phase that appears to be quite durable. it's going to be hard to break out significantly in one direction or the other, unless we get a policy surprise or a policy mistake. >> repter: the adp payroll snapshot is seen as a kind of preview for the government's official employment report, which comes out tomorrow. factoring in job losses in statr and local government, adp projects the labor d
still ahead, we have more on sandy: flood insurance, the cost of getting power turned back on, and the challenge of getting around america's busiest city. >> tom: october marked a pick-up in private hiring. that's the word from payroll processing firm adp. it says u.s. private payrolls grew by 158,000 positions in october. that higher than expected number comes as adp overhauls how it calculates the number by including more companies in its survey. darren gersh reports. >> reporter:...
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Nov 1, 2012
11/12
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where does sandy fit in terms of economic impact? s showing?our numb >> good question, susie. >> in terms of totalu economic loss. because airms aren't going, and restaurants aren't serving meals, and the property damage i think tell come to about $50 billion. to put this in context, th's roughly the consequence of 9/11. it you sad up katrina it was 150 million. it's a big storm and a lot of damage, but less than's katrina. >> susie: quickly, mark, because on friday we have the employment numbers coming out. i'd like your take on that. what are you expecting in terms of new job hings and the unemployment rate? we've created 150,000 jobs a month over the past three years. i expect that's roughly what we'll get. une loyment, as yout, remember, it dips down unexpectedly to 7.8%, i expect that will notch up a tenth or two. i don't think we go over 8%. >> susie: it could notch up a bilt. good information. mark, always a pleasure talking to you. mark zandi. >> thank you. >> tom: still ahead, from downed powerlines, to flooded out utilities, we talk a
where does sandy fit in terms of economic impact? s showing?our numb >> good question, susie. >> in terms of totalu economic loss. because airms aren't going, and restaurants aren't serving meals, and the property damage i think tell come to about $50 billion. to put this in context, th's roughly the consequence of 9/11. it you sad up katrina it was 150 million. it's a big storm and a lot of damage, but less than's katrina. >> susie: quickly, mark, because on friday we have...
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Mar 19, 2012
03/12
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i've seen sandy a couple times. not -- >> sandy weil. >> yeah, sandy weil. and i sort of say, "sandy, you know, we didn't do very well." and he's not comfortable with that conversation at all. i think he would still defend that it was a good merger, it just went off the tracks afterwards. i -- >> when it went off the tracks, john, you know, millions of people lost their jobs. millions of people lost their homes. millions of people saw their savings -- >> if you look at the lost product in the united states, in other words, the difference between our current economic trajectory and the potential economic trajectory, you're talking about trillions of dollars. and those dollars are jobs and output and so forth and on so. i mean we over leveraged. and that was because we were creating mortgages so as to sell them into the market. and we're creating them from customers who probably should not have been borrowing. they didn't know what they were originating, didn't know who was buying it, and they didn't care. they were getting paid commissions along the way. and
i've seen sandy a couple times. not -- >> sandy weil. >> yeah, sandy weil. and i sort of say, "sandy, you know, we didn't do very well." and he's not comfortable with that conversation at all. i think he would still defend that it was a good merger, it just went off the tracks afterwards. i -- >> when it went off the tracks, john, you know, millions of people lost their jobs. millions of people lost their homes. millions of people saw their savings -- >> if you...
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Oct 31, 2012
10/12
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. >> woodruff: the giant hybrid storm named sandy left a growing toll today. officials reported at least 39 people killed, and $20 billion or more in damage. the nation's most populous city and its surroundings were at the epicenter. new york is a city in shock today, even deserted in places after a night of fear, fire and floods. a record storm surge of 13 feet poured into parts of lower manhattan, brooklyn, and queens as sandy hit. the rush of water closed major commuter tunnels linking manhattan with otherboros contributing to the worst damage to the subway system in its 108 years. >> last night we could look down this street here and weaw the river coming toward us and it actually looked like something out of ao movie. it was unbelievable. >> woodrf: equally unbelievable, winds of at least: 80 miles an hour blew out the bright lights that usually dominate the manhattan skyline. some one million homes and businesses i and around the city lost power. today mayor michael bloomberg appealed for understanding amid warnings it could take days to restore all tran
. >> woodruff: the giant hybrid storm named sandy left a growing toll today. officials reported at least 39 people killed, and $20 billion or more in damage. the nation's most populous city and its surroundings were at the epicenter. new york is a city in shock today, even deserted in places after a night of fear, fire and floods. a record storm surge of 13 feet poured into parts of lower manhattan, brooklyn, and queens as sandy hit. the rush of water closed major commuter tunnels linking...
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Dec 15, 2012
12/12
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lincoln back with us, the chief strategist, from the cme group in chicago, sandy, it is great to see you again. >> i appreciate it. >> are you suggesting investors ignore all of the fiscal cliff worry and the threat of that cliff? >> well, i don't know what we are going to do with the obsession about the fiscal cliff ever goes away, but i think you do have to sort of look beyond the fiscal cliff, not just to the fiscal cliff. there is a lot of obsession about it for understandable reasons, if they dig in their heels there is real fiscal drag involved, we don't think that is is that is the likely scenario, we think it is much more likely they downsize the size of the cliff and maybe knock half of it off and work on the rest in early 2013, but the more important thing, tom, i think is the secular things they can do in first half of 2013 to improve the trajectory of what we are doing with our entitlement programs and with tax reforms, and if they do that, that is what i mean by looking through the cliff, if those things happen, 200013 could set up and trigger a lot of good catalysts not
lincoln back with us, the chief strategist, from the cme group in chicago, sandy, it is great to see you again. >> i appreciate it. >> are you suggesting investors ignore all of the fiscal cliff worry and the threat of that cliff? >> well, i don't know what we are going to do with the obsession about the fiscal cliff ever goes away, but i think you do have to sort of look beyond the fiscal cliff, not just to the fiscal cliff. there is a lot of obsession about it for...
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Dec 8, 2012
12/12
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industry estimates put the total amount of damage from superstorm sandy at $50 billion. insurance companies are expected to pick up between $10-$20 billion of that. that puts superstorm sandy at the top of the list ahead of hurricanes ike, ivan, and irene. monday we will look at why rebuilding from sandy is so expensive thanks to where she came ashore. ruben ramirez, seaside heights, new jersey. back here on wall street, tom, some interesting revolutions from netflix today saying it got a wells notice and being investigated by the securities and exchange commission. behind it is a very interesting debate going on. the reason for the investigation is that the ceo reid hastings had posted some information on his facebook page about developments at the company and the fec said you didn't disclose this property, should have been a press release or filing with the sec and raises new questions about social media and fair disclosure. >> tom: this is all about how technology is changing and regulations have a hard time susie keeping up with it. we see it with high frequency trad
industry estimates put the total amount of damage from superstorm sandy at $50 billion. insurance companies are expected to pick up between $10-$20 billion of that. that puts superstorm sandy at the top of the list ahead of hurricanes ike, ivan, and irene. monday we will look at why rebuilding from sandy is so expensive thanks to where she came ashore. ruben ramirez, seaside heights, new jersey. back here on wall street, tom, some interesting revolutions from netflix today saying it got a wells...
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Nov 6, 2012
11/12
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utilities have been in focus thanks to the devastation left by superstorm sandy. two of the public traded utilities still working to get power back on, continue seeing their stocks fall. new york power company consolidated edison was down 2d w jersey's public servicey' enterprise group dropped another 1.2%. these are their lowest share prices sin may. meantime, lower energy prices, specifically for natural gas, helped profits at fertilize m maker c.f. industries. a booming farm ecliomy helped increase demand, making up forlp lower prices for its phosphate fertilizer. the stock rallied 3.2% before the company released its quaerly results after the closing bell tonight.es the stock rallied about 1% from this closing price in extended hours trading. the company is optimistic about its 2013 busines it expects farmers to plant a lot of corn next year, and need the fertilizer for it. real estate website zillow also was out with its results late today. while earnings per share were stronger than expected but its forecast came up short. after closing down 5., atn $34.37 p
utilities have been in focus thanks to the devastation left by superstorm sandy. two of the public traded utilities still working to get power back on, continue seeing their stocks fall. new york power company consolidated edison was down 2d w jersey's public servicey' enterprise group dropped another 1.2%. these are their lowest share prices sin may. meantime, lower energy prices, specifically for natural gas, helped profits at fertilize m maker c.f. industries. a booming farm ecliomy helped...
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Nov 16, 2012
11/12
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volunteers from occupy sandy are here in force, along with police and the national guard. but some residents complain that representatives from government agencies like fema are scarce. eva bennick moved to a new home here eight years ago. she applied for assistance but was told on the phone her application was missing. >> they had lost the application. she found my application, she said okay, it looks like it fell through the process. i don't understand why anybody's been out there yet. nobody's been out there yet. i said, well that makes two of us. i've got to tell you the first time where we've felt like we've ever needed help. first time. and just feel like, you know, fema's supposed to be it. everybody, like my insurance company says call fema. yeah, everbody asks me that. did you call fema. i'm like, yeah. what happened? nothing. that sucks. it... it just sucks. >> reporter: fema officials contend they are responding as best they can. but because of the sheer magnitude of the work, fema official robert jensen admits some residents will be disappointed. >> this is har
volunteers from occupy sandy are here in force, along with police and the national guard. but some residents complain that representatives from government agencies like fema are scarce. eva bennick moved to a new home here eight years ago. she applied for assistance but was told on the phone her application was missing. >> they had lost the application. she found my application, she said okay, it looks like it fell through the process. i don't understand why anybody's been out there yet....
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Oct 31, 2012
10/12
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>> tom: hurricane sandy is now super-storm sandy as it clashes with another weather system, bringing wind,ain, and snow to parts of the mid-atlantic and northeastern u.s. a she has cut a path of destruction, flooding, and massive power outages as the de th toll from the storm stands at 17 across seven states. even as sandy makes her way to canada, the destruction is devastating. high winds pushed the atlantic ocean up and over seawalls, flooding entire neighborhoods. the wind and water teamed up to cut power to millions of people along the eastern seaboard. the storm surge even continued today as sandy tracked through western pennsylvania and new york state. the storm has affected an estimated one out of every five americans, bringing some business to a standstill over flooding, closed airports, and no public transportation. while rescue efforts continue tonight, early damage estimates are still rough, running between $10 billion a $20 billion,on according to eqecat. hurricane irene did $10 billion damage 14 months ago. >> susie: wall street was closed again today for the second stra
>> tom: hurricane sandy is now super-storm sandy as it clashes with another weather system, bringing wind,ain, and snow to parts of the mid-atlantic and northeastern u.s. a she has cut a path of destruction, flooding, and massive power outages as the de th toll from the storm stands at 17 across seven states. even as sandy makes her way to canada, the destruction is devastating. high winds pushed the atlantic ocean up and over seawalls, flooding entire neighborhoods. the wind and water...
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Nov 9, 2012
11/12
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but at least one analyst predicts sandy's hit will be temporary. erika miller reports. >> reporter: first, we had superstorm sandy. last night, a snow storm. but today, new yorkers were back to shopping in full force. contrary to conventional wisdom, natural disasters have very little long-term impact on retail spending. >> they don't destroy demand, they displace it, either forward in time-- before the event-- or after the event. or nowadays, of course, from bricks and mortar to online. >> reporter: customer growth partners looked at 20 years of natural disasters and found that in virtually every case, spending rose in the months after the event. sandy or not, the holiday season is expected to be ho-hum for retailers. the national retail federation, the retail industry's trade group, is forecasting a more than 4% gain, but customer growth partners, which does field research with shoppers, expects just a 2.8% gain. >> disposable income is weak, and disposable income is still the single biggest driver behind retail sales. so that's weak. there's fea
but at least one analyst predicts sandy's hit will be temporary. erika miller reports. >> reporter: first, we had superstorm sandy. last night, a snow storm. but today, new yorkers were back to shopping in full force. contrary to conventional wisdom, natural disasters have very little long-term impact on retail spending. >> they don't destroy demand, they displace it, either forward in time-- before the event-- or after the event. or nowadays, of course, from bricks and mortar to...
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Nov 24, 2012
11/12
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>> i do have clarity on sandy and frankly it's devastating. particularly on individuals. we had 200 of our stores closed for the first three days of the november period and then many more were closed after that because we didn't have power. we definitely were impacted in a major way at our company. >> reporter: for the current quarter you expect to fall short of wall street forecasts by at least five cents. are you still comfortable with those expectations? >> we try to guide honestly and if we're able to exceed that number that's always good news. but we try to guide where we believe we're going to be so we're confident with our forecasts. >> reporter: terry thank you so much. >> thanks ruben. >> tom: while many wal-mart employees spent black friday working the check-out line, others were manning the picket line. they used the high profile shopping day to protest low wages, work schedules and employee benefits. the protests were organized by a union-backed employee group called "our walmart". demonstrations were planned for one thousand stores in 100 cities. organizers s
>> i do have clarity on sandy and frankly it's devastating. particularly on individuals. we had 200 of our stores closed for the first three days of the november period and then many more were closed after that because we didn't have power. we definitely were impacted in a major way at our company. >> reporter: for the current quarter you expect to fall short of wall street forecasts by at least five cents. are you still comfortable with those expectations? >> we try to guide...
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Nov 3, 2012
11/12
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instead, stocks sank on worries that the costs of hurricane sandy will eat into profits. the dow jones industrial average lost 139 points to close at 13,093. the nasdaq fell almost 38 points to close at 2,982. for the week, the dow and the nasdaq were off a fraction of 1%. korean auto makers hyundai and kia could end up paying hundreds of millions of dollars to car owners as compensation for overstating fuel economy. the environmental protection agency now says an audit revealed that 13 models averaged up to six miles a gallon less than advertised. some 900,000 vehicles sold in the last three years are affected. u.s. intelligence officials have rejected claims they failed to answer the attack on the u.s. consulate in benghazi, libya. there've been reports the cia told its security officers to "stand down" and not try to repel the attackers. senior intelligence officials denied that on thursday. they said a security team responded within 25 minutes, en though eney were outmanneer and outgunned.ne those are some of the day's major stories. now, back to judy. >> woodruff: th
instead, stocks sank on worries that the costs of hurricane sandy will eat into profits. the dow jones industrial average lost 139 points to close at 13,093. the nasdaq fell almost 38 points to close at 2,982. for the week, the dow and the nasdaq were off a fraction of 1%. korean auto makers hyundai and kia could end up paying hundreds of millions of dollars to car owners as compensation for overstating fuel economy. the environmental protection agency now says an audit revealed that 13 models...
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Oct 27, 2012
10/12
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hurricane sandy is on track to hit the northeast, and stick around a few days. from business closings to home damage, we'll have the latest on the monster storm's economic impact. and finally tonight, peyton likes pizza! denver broncos quarterback peyton manning today, inked a deal to buy 21 papa johns pizza francses in the denver area. manning called it a smart investment for now and long fter he's done playing. tc2 peyton and the pizza chain aren't strangers, he's been c2arring in their coerci for the pt ar.r. but the strategy isn't new, dunkin brands cut similar franchise deals earlier this year with dallas cowboys owner jerry jones and former q.b. troy aikman. so, a lot of dough, tom. that's nightly business report >> i wonder if they're eating ther o cooking as well. >> susie: there you go. c that's nightly business report for friday, october 26. have a great weekend everyone, you too tom. >> tom: goodnight everybody, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captied by media access group at wgbh access.
hurricane sandy is on track to hit the northeast, and stick around a few days. from business closings to home damage, we'll have the latest on the monster storm's economic impact. and finally tonight, peyton likes pizza! denver broncos quarterback peyton manning today, inked a deal to buy 21 papa johns pizza francses in the denver area. manning called it a smart investment for now and long fter he's done playing. tc2 peyton and the pizza chain aren't strangers, he's been c2arring in their...
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Nov 3, 2012
11/12
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an update on the aftermath of hurricane sandy now. with temperatures dropping, tempers are flaring in some areas struggling with no per and dwindling food and clean water. >> this is staten island. four days after hurricane sandy brought her destructive winds ng storm surge of atlantic seawater. across the hudson river from new york, some new jersey neighborhoods remain inundated with flood waters. low temperatures this weekend are forecast to be close toas freezing. the official count from the artment of energy had 3.6en million customers across 11 states still without power. getting around in fected areas remains a challenge. the new york subway system remains shut down in lower manhattan. commuter rail systems in the new york suburbs are on limited i service, as are new york's three large airports. >> tom: energylso remains a concern. late today the department of energy announced it will release emergency heating oil supplies to relieve a supply crunch due to sandy. meantime, many gasoline stations in the new york-nemajersey area-
an update on the aftermath of hurricane sandy now. with temperatures dropping, tempers are flaring in some areas struggling with no per and dwindling food and clean water. >> this is staten island. four days after hurricane sandy brought her destructive winds ng storm surge of atlantic seawater. across the hudson river from new york, some new jersey neighborhoods remain inundated with flood waters. low temperatures this weekend are forecast to be close toas freezing. the official count...
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Dec 13, 2012
12/12
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the state attorney general has asked more than 75 charities to show where their sandy relief donations are going. >> these scammers tend to take advantage of people in emotional situations, when they're very concerned about things like disaster relief, and will respond to an ad or an email without really taking the extra step of checking. >> reporter: schneiderman hopes other states follow suit and ask non-profits to disclose information about the reputability of their organization. more than two billion people around the world are expected to tune in to tonight's concert, raising more than $60 million. ruben ramirez, "n.b.r.," new york. >> tom: that's "nightly business report" for wednesday, december 12. have a great evening, everyone. and you, too, susie. >> susie: tom, we're coming to the close of 12-12-12. and i hope it's been a good day for you. thanks for watching, everyone. join us online at www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes
the state attorney general has asked more than 75 charities to show where their sandy relief donations are going. >> these scammers tend to take advantage of people in emotional situations, when they're very concerned about things like disaster relief, and will respond to an ad or an email without really taking the extra step of checking. >> reporter: schneiderman hopes other states follow suit and ask non-profits to disclose information about the reputability of their organization....
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Nov 22, 2012
11/12
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>> i can't really attribute sandy to climate change. it could be within the normal variability of these types of storms, but i do know that climate change is occurring. and it is starting to exaggerate some of the hazards, most notably in this area, sea level rise. and as the sea level rises, it stands to reason that the next storm will produce a larger storm surge, just because it has more water and the waters higher than ever before. >> reporter: and more people and property at risk. we were at water street, for example. from here to the east river: landfill. >> for most of the time the storm came through no one lived here, or very few people lived here. now, we have millions of people concentrated in, for instance, in the new york area. we have tons of infrastructure, we have important business assets that are exposed, and that's what's different. >> reporter: yes, says mindy lubber, and therefore insurance companies should raise their premiums to signal the rising dangers. >> they can impact all of our behavior by the way they price
>> i can't really attribute sandy to climate change. it could be within the normal variability of these types of storms, but i do know that climate change is occurring. and it is starting to exaggerate some of the hazards, most notably in this area, sea level rise. and as the sea level rises, it stands to reason that the next storm will produce a larger storm surge, just because it has more water and the waters higher than ever before. >> reporter: and more people and property at...
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Dec 6, 2012
12/12
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two of them released their estimates of how much hurricane sandy will cost them. travelers figures the storm will cost it $650 million. hartford pegged its storm losses as high as $350 million. analysts say the companies can absorb the impact. both stocks were higher. travelers rallied 4.9%, closing less than one dollar away from a new 52-week high. hartford added 2.9%. drug giant pfizer had encouraging news on an experimental breast cancer drug. with up to $6 billion in potential global sales, the stock rallied. shares jumped 1.9% on heavier than usual volume. while the breast cancer drug tests were positive, any regulatory approval wouldn't happen for at least a couple of years. three of the five most actively traded exchange traded products were up. the financial e.t.f. had the best gains, up 1.2%. and that's tonight's "market focus." >> susie: a tough day for investors in freeport mcmoran. the stock plunged 16% on news that the mining company is buying two oil and gas producers. it's paying $9 billion for plains exploration and production company and mcmoran e
two of them released their estimates of how much hurricane sandy will cost them. travelers figures the storm will cost it $650 million. hartford pegged its storm losses as high as $350 million. analysts say the companies can absorb the impact. both stocks were higher. travelers rallied 4.9%, closing less than one dollar away from a new 52-week high. hartford added 2.9%. drug giant pfizer had encouraging news on an experimental breast cancer drug. with up to $6 billion in potential global sales,...
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Nov 7, 2012
11/12
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, new jersey, was hit hard by hurricane sandy. many homes still have no power, d many gas stations are still dry.y nevereless, residents made it vheir business to vote today, even though their polling site had to be moved at the last minute to a new location. >> reporter: in manhattan, only a handful of voting centers had to be changed because of the storm's aftermath. this site downtown is also accommodating voters from another location, and some residents found the change sewhat confusing.ew >> it's pretty hectic, being as though we're sharing ed from other schools due to the storm, and other schools being closed due to the storm. >> but without our cell phone, we'd be lost. >> rerter: and at least some voters were able to keep their sense of humor...an >> this is whwere i vote. >> reporter: suzanne pratt, nbr, parsippany, new jersey. >> susie: hurricane sandy disrupted the election process in an election that was already getting complicated. from mail-in ballots to high- tecvoting machines,tihere are fresh questions about the a
, new jersey, was hit hard by hurricane sandy. many homes still have no power, d many gas stations are still dry.y nevereless, residents made it vheir business to vote today, even though their polling site had to be moved at the last minute to a new location. >> reporter: in manhattan, only a handful of voting centers had to be changed because of the storm's aftermath. this site downtown is also accommodating voters from another location, and some residents found the change sewhat...
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Nov 16, 2012
11/12
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unemployment benefits jumped to a one-and-a-half year high, surging 78,000, thanks to super- storm sandy. the total was 439,000. meantime, consumer inflation slowed to a one tenth of a percent increase, thanks to lower energy prices. without food and energy, core inflation was up two tenths of a percent. on wall street, the dow fell 28.5 points, the nasdaq was down almost ten, and the s&p 500 dropped two. if you want to know how the economy is faring, it pays to keep an eye on walmart. after all, it has over 10,000 stores across the globe, selling more than $1 billion worth of stuff every day. it earned $1.08 per share in the third quarter, a penny more than estimates, and up 11% from last year. but revenues were a little shy of forecast, and walmart's outlook for this quarter was less than anticipated. compare that to rival target's quarterly earnings-- four cents better than expectations at 81 cents a share and a holiday outlook that didn't disappoint. erika miller reports on what the results say about all-important the holiday season. >> reporter: $3.6 billion. that almost unthinkable
unemployment benefits jumped to a one-and-a-half year high, surging 78,000, thanks to super- storm sandy. the total was 439,000. meantime, consumer inflation slowed to a one tenth of a percent increase, thanks to lower energy prices. without food and energy, core inflation was up two tenths of a percent. on wall street, the dow fell 28.5 points, the nasdaq was down almost ten, and the s&p 500 dropped two. if you want to know how the economy is faring, it pays to keep an eye on walmart....
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Nov 1, 2012
11/12
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now we see the same thing with sandy. i think the hope has to be at sandy isn't short for cassandra and that it's another warning that we ignore. absolutely people nat have seen that you c in fact have the worst-case scenario, which was flooding of the lower manhattan and i think any city along the eastern sea board has ask-to-ask themselves what would happen if us?icane sandy hit >> suarez: well, how do we price risk, then, into the decisions we make both publicly and privately. should there with b places in new jersey, in new york, where insurance companies say "we for you toto pay rebuild right there"? where the cost of doing so becomes higher and maybe prohibitive for some people? >> there probably should be, yes, because the alternative is we kp enticing people to place more and more of theip value, weal in more of their fragile co-systems or fragile areas of the enviwenment if we don't give them the proper price signal on risk. so somehow we have to find a way to get the state out of being the insurer of last resort
now we see the same thing with sandy. i think the hope has to be at sandy isn't short for cassandra and that it's another warning that we ignore. absolutely people nat have seen that you c in fact have the worst-case scenario, which was flooding of the lower manhattan and i think any city along the eastern sea board has ask-to-ask themselves what would happen if us?icane sandy hit >> suarez: well, how do we price risk, then, into the decisions we make both publicly and privately. should...
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Dec 4, 2012
12/12
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. >> susie: american automakers got a bump up in sales in november, thanks to super storm sandy. consumers postponed purchases when the hurricane hit in october, and resumed buying last month. but as diane eastabrook reports, the looming fiscal cliff could cause that sales momentum to lose traction. >> reporter: november turned out to be a good month for the big three and a great month for their foreign competitors. g.m. and ford both saw a modest uptick in vehicle sales last month-- while chrysler got a double digit boost. but competitors from europe and japan blew the domestics doors off. sales at v.w. were up just under 30%. while honda led the japanese pack with a sales increase of just under 40%. the car companies think super storm sandy pushed some sales the last weekend of october into november. morningstar auto analyst richard hilgert agrees sandy helped, but the storm wasn't the primary reason november was such a strong month. >> we've got a lot of pent up demand still out there-- pent up demand coming from, especially from the average age of the vehicles being over elev
. >> susie: american automakers got a bump up in sales in november, thanks to super storm sandy. consumers postponed purchases when the hurricane hit in october, and resumed buying last month. but as diane eastabrook reports, the looming fiscal cliff could cause that sales momentum to lose traction. >> reporter: november turned out to be a good month for the big three and a great month for their foreign competitors. g.m. and ford both saw a modest uptick in vehicle sales last...
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Nov 15, 2012
11/12
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hurricane sandy was behind at least some of the sales decline. but there are fresh worries today about the underlying strength of the american consumer. suzanne pratt reports. >> reporter: hurricane sandy is going to get blamed a lot in the coming weeks for soft economic data. and, rightfully so. after all the superstorm paralyzed a good chunk of the northeast for at least a week. that meant, no shopping, no eating out, and no filling up the tank. >> clearly, the retail sales data were weak and they were weak across a lot of categories. the commerce dept did talk about the affects on hurricane sandy on the numbers. but, it's hard to quantify. >> reporter: the question is whether that consumer paralysis will continue into the all important holiday retail season. many economists say that really depends on whether americans feel secure in the their jobs. here's the good news: there has recently been some improvement on the labor front. on top of that, many shoppers are finding their wallets are thicker now than this time last year. >> i think the av
hurricane sandy was behind at least some of the sales decline. but there are fresh worries today about the underlying strength of the american consumer. suzanne pratt reports. >> reporter: hurricane sandy is going to get blamed a lot in the coming weeks for soft economic data. and, rightfully so. after all the superstorm paralyzed a good chunk of the northeast for at least a week. that meant, no shopping, no eating out, and no filling up the tank. >> clearly, the retail sales data...
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Nov 29, 2012
11/12
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like the rest of the nation, gas is actually cheaper now than before superstorm sandy. a month ago, superstorm sandy shut down refineries in the northeast, delayed oil shipments and left many gasoline stations without power. in some hard hit areas, prices spiked more than ten cents a gallon. but now, the situation has drastically improved here and around the country. regular unleaded costs an average of $3.42 nationwide. that's 12 cents below where it was a month ago. but drivers are still paying about 12 cents more for gas today than a year ago. a big reason is escalating middle east tensions. >> anytime you have that kind of conflict in the middle east, whether it's the israelis or the egyptians, the syrians, it really the disruption of flow, you know. any time you get a problem in the gulf, it's really going to hinder oil prices. >> reporter: if the recent cease-fire between hamas and israel in the gaza strip holds, many think prices at the pump will drift lower. it also helps that u.s. refineries are producing ample supplies of gasoline. a.a.a. expects regular unlea
like the rest of the nation, gas is actually cheaper now than before superstorm sandy. a month ago, superstorm sandy shut down refineries in the northeast, delayed oil shipments and left many gasoline stations without power. in some hard hit areas, prices spiked more than ten cents a gallon. but now, the situation has drastically improved here and around the country. regular unleaded costs an average of $3.42 nationwide. that's 12 cents below where it was a month ago. but drivers are still...
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Nov 14, 2012
11/12
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and, remember, the latest results don't even include the sales lift from superstorm sandy. home depot also raised its profit outlook for the year. if housing continues to improve, experts say it's a bullish sign for the rest of the economy. >> now, as we start to see residential investment recovery, that should help other sectors of the economy through demand for building materials, through more demand for other products-- furniture, you name it! >> reporter: she's optimistic housing will remain one of the few bright spots in an otherwise sluggish recovery. erika miller, "n.b.r.," new york. >> susie: it was an unhappy earnings story in the third quarter for saks. the upscale department store said sales and profits were hurt by a modest spike in promotions. on top of that, saks expects sales to be flat in the current holiday period because of a slow start to november due to hurricane sandy. noow, trouble at saks underscores new worries spreading throughout the luxury sector about the all important holiday season. suzanne pratt reports. >> reporter: on manhattan's 5th avenue,
and, remember, the latest results don't even include the sales lift from superstorm sandy. home depot also raised its profit outlook for the year. if housing continues to improve, experts say it's a bullish sign for the rest of the economy. >> now, as we start to see residential investment recovery, that should help other sectors of the economy through demand for building materials, through more demand for other products-- furniture, you name it! >> reporter: she's optimistic...
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Nov 20, 2012
11/12
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they were up 2% in october despite delays caused by hurricane sandy in the northeast. in afghanistan, president hamid karzai accused the u.s. today of violating a pact governing the transfer of detainees. he said more than 70 afghans are still in american custody despite a court order to release them. the two sides signed an accord last march, but the u.s. has slowed its handover of prisons to ensure afghan forces are ready to take control. new clashes in congo today threatened a larger war in the central african nation. rebels from the m-23 group battled government troops near the eastern city of goma, in a region rich in minerals. the rebels had promised to stop fighting and to join peace talks. but congo's government refused to participate. it accused neighboring rwanda of supporting the insurgents. in washington, state department spokeswoman victoria nuland warned the fighting is creating thousands of new refugees. ere are now some 60,000 people displaced just in the past three days, 500,000 since january, and threatens threats to hundreds of thousands more. we're
they were up 2% in october despite delays caused by hurricane sandy in the northeast. in afghanistan, president hamid karzai accused the u.s. today of violating a pact governing the transfer of detainees. he said more than 70 afghans are still in american custody despite a court order to release them. the two sides signed an accord last march, but the u.s. has slowed its handover of prisons to ensure afghan forces are ready to take control. new clashes in congo today threatened a larger war in...
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Jul 14, 2012
07/12
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, bob zoellick. >> she didn't work for sandy berger, did she? >> she was part of sandy berger's generation. >> i don't think she's that old. >> i'm not an authority on herbicide okay grief. she worked at the hoover institution. the woman is a brilliant woman. >> when we were with nixon in '68, there was a point where he was way down. he was tied with humphrey, and you take the safe pick. >> is it safe to say that everybody on this panel is poo- pooing, except me, a possible candidacy? >> yes. >> as a running mate? >> not as a rung mate. she's phot got many great qualifications but not for this ticket. >> not for this particular. >> poo-pooing. >> okay who will be romney's vice presidential running mate? >> i would say pawlenty or portman. it's going to be about even and it will help him in ohio, and if pawlenty can deliver min so tea's a pretty good pick. >> i agree with that, and we're going to know in a couple of weeks because they are going to announce before it the convention. >> come on, give me your pick. >> pawlenty or portman. >> jindal.
, bob zoellick. >> she didn't work for sandy berger, did she? >> she was part of sandy berger's generation. >> i don't think she's that old. >> i'm not an authority on herbicide okay grief. she worked at the hoover institution. the woman is a brilliant woman. >> when we were with nixon in '68, there was a point where he was way down. he was tied with humphrey, and you take the safe pick. >> is it safe to say that everybody on this panel is poo- pooing, except...
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Nov 3, 2012
11/12
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. >> super storm sandy. >> as we're going through the reconstruction eand rebuilding, we have to find ways to build this city back stronger and than ever before. >> new york city, no electricity, no lights, millions in the dark, fires, subways flooded, ruined rampant, many deaths. >>people work in the insubway system, in the construction industry in this state ve said they've never seen damage like this, so it's a new reality for us, and i think it's one that we're going to have to deal with. >> besides new york, new jersey was a victim of the disaster. governor chris christie .reviewd the situation at the shoreline, president obama at his side. >> we are here for you, and we will not forget. we will follow up to ma sure that you get all the help you need until you've rebuilt. >> later, at a news conference, the governor gave his report. >> the president of the united states and i have had six conversations since sunday. that shows a level of caring and ofconcern and interest that i think a leader should be giving to th ty of situation. so today, in fact, reed asked me this after i go
. >> super storm sandy. >> as we're going through the reconstruction eand rebuilding, we have to find ways to build this city back stronger and than ever before. >> new york city, no electricity, no lights, millions in the dark, fires, subways flooded, ruined rampant, many deaths. >>people work in the insubway system, in the construction industry in this state ve said they've never seen damage like this, so it's a new reality for us, and i think it's one that we're going...
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Dec 7, 2012
12/12
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we had a nor'easter in 2006 that came about here, about where sandy came. if you think about it 100 years ago that would be a foot and a half down, it wouldn't even have touched this building. problem is 100 years going forward, if you go up three feet, in 100 years this middle of the road nor'easter is suddenly as high as the storm of record in 1933. >> reporter: the national oceanic and atmospheric administration finds norfolk is the second most vulnerable area its size to sea level rise in the country, right behind new orleans. norfolk is particularly prone to flooding because of its location-- flanked by the atlantic ocean, the chesapeake bay and the james river. it is also slowly sinking. the city is home to roughly 250,000 people, a major port and the world's largest naval base. it is of critical importance to our national security. nearly 45% of the city's economy is tied to defense spending. and in response to sea level rise, the navy has been replacing 14 piers at a cost of $35 million to $40 million apiece. >> sea level here is coming up for lots
we had a nor'easter in 2006 that came about here, about where sandy came. if you think about it 100 years ago that would be a foot and a half down, it wouldn't even have touched this building. problem is 100 years going forward, if you go up three feet, in 100 years this middle of the road nor'easter is suddenly as high as the storm of record in 1933. >> reporter: the national oceanic and atmospheric administration finds norfolk is the second most vulnerable area its size to sea level...
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Nov 21, 2012
11/12
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this is just a sliver of the debris that sandy left behind on statten island. not preparing could cost much more. here in the far rock-aways the surge crushed dozens of houses and hurricane winds fanned flames from a fire that incinerated 111 homes. the city of new york has decided to clear away what's left here along with demolishing 200 more structures damaged by the storms. >> it was my living room couches but it flipped them over in the house. just pouring water out of them today. >> reporter: rich has had a view of the atlantic ocean from his waterfront home for more than 20 years. now he's living in a motor home in the parking lot. but he wonders whether a sea barrier would be effective. >> is it worth it? i'm not so sure it's worth it because i'm not so sure it's going to work. i don't know how you're going to stop that kind of power. putting a sea wall out there. if it would work, okay. who is going to guarantee it? spending that kind of money for something that might not work.ñr >> sreenivasan: it's a point that even the netherland concedes. the count
this is just a sliver of the debris that sandy left behind on statten island. not preparing could cost much more. here in the far rock-aways the surge crushed dozens of houses and hurricane winds fanned flames from a fire that incinerated 111 homes. the city of new york has decided to clear away what's left here along with demolishing 200 more structures damaged by the storms. >> it was my living room couches but it flipped them over in the house. just pouring water out of them today....
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Oct 17, 2012
10/12
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. >> sandy wild, the former chairman and builder, architect of citi, also gave an endorsement of the new c.e.o. today, calling him a great manager, a good leader, and you also know that sandy wild recently said that it is time to split up the big banks, that they've gotten just too big. do you think there will be a change in the strategic plan? >> no, i don't think so. it is somewhat gratuitous for mr. wild on picking an excellent candidate because he didn't do that. both chuck prince and bicram pandit are holders. he has experience restructuring the bank, and i think it is a really positive development. >> on that conference call that we just reported by the citi's chairman, michael o'neill, who said there is no other shoe to drop. michael corbett said he is going to follow on the foundation that was set by bikram pandit. is it going to be business as usual or are they going to do things differently? >> they autos hav almost have to things differently because they sold smith barney ne, and they sold the insurance business. what they have left is the core bank, and citi holdings, whi
. >> sandy wild, the former chairman and builder, architect of citi, also gave an endorsement of the new c.e.o. today, calling him a great manager, a good leader, and you also know that sandy wild recently said that it is time to split up the big banks, that they've gotten just too big. do you think there will be a change in the strategic plan? >> no, i don't think so. it is somewhat gratuitous for mr. wild on picking an excellent candidate because he didn't do that. both chuck...
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Nov 19, 2012
11/12
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here we are post hurricane sandy. everyone is saying, well, maybe this is going to be our wake-up call and right now in new york city, the debate is over how much to increase fares in public transit and they -- the metrotransity authority wants to increase the price of riding a subway and the price of riding trains quite a bit, and so how does this make sense? we're supposedly having a wake-up call and we're making it harder for people to use public transit and that's because we don't have the resources that we need. >> you've been out on the devastation, why? >> i'm writing a book and the documentary to go with it and we were filming in the rockaways in staten island and in red hook, and also in the relief hubs where you just see a tremendous number of volunteers organized by occupy wall street. they call it occupy sandy. >> really? >> what i found is that the generosity is tremendous. i saw a friend last night and i asked her whether she'd been involved in the hurricane relief. they have my car, i hope they get it b
here we are post hurricane sandy. everyone is saying, well, maybe this is going to be our wake-up call and right now in new york city, the debate is over how much to increase fares in public transit and they -- the metrotransity authority wants to increase the price of riding a subway and the price of riding trains quite a bit, and so how does this make sense? we're supposedly having a wake-up call and we're making it harder for people to use public transit and that's because we don't have the...
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Nov 27, 2012
11/12
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. >> susie: new damage estimates today on super storm sandy. the insurance industry will be on the hook for as much as $22 billion, according to numbers compiled by disaster-modeling firm air worldwide. the total is three billion less than the original tally, issued just after hurricane sandy made landfall in late october. >> tom: it was back to work for wall street, with the major stock indices ending mixed. the selling was stronger earlier in the day, with the s&p 500 hitting its lowest level of the session before noon eastern time. the losses were reduced in afternoon trade with the index finishing down just 0.2%. trading volume remains modest. 630 million shares on the big board. a tad over 1.6 billion on the nasdaq. the selling pressure showed up in the telecommunication sector, falling 1%. the energy and consumer staples sectors also fell. with so much focus on consumers and spending over the weekend, grocery stocks led the consumer sector lower today. super markets safeway and whole foods were down 3.2% and 3.1% respectively. kraft foods
. >> susie: new damage estimates today on super storm sandy. the insurance industry will be on the hook for as much as $22 billion, according to numbers compiled by disaster-modeling firm air worldwide. the total is three billion less than the original tally, issued just after hurricane sandy made landfall in late october. >> tom: it was back to work for wall street, with the major stock indices ending mixed. the selling was stronger earlier in the day, with the s&p 500 hitting...
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Oct 27, 2012
10/12
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>> sandy will continue to head northward tonight into tomorrow. an area that should be on the lookout over the next 24 hours include northeast florida to coastal georgia, including eastern sections of the carolinas.er we're talking squally weather beginning later tonight into tomorrow fm jacksonville to the outer banks of north carolina. and we're also talking about wind gusts from 40 to 50 miles per hour in this corridor. and also flooding tides from the outer banks of north carolina to coastal sections of south carolinaver the next 24 hours vooez there's also been a lot of talk of this becoming a superstormv as it goes fort northeast what is happening whrx is behind it, what are the forces at work? >> hari, one of the reasons why this storm iso different, so to speak, is because of the time of the year that it is o curling. we're looking at tropical moisture coming in, if the south with sandy colliding with the cooler air coming in from the north and west and that cool air is associated with th jet stream thich is going to dip pretty far south.
>> sandy will continue to head northward tonight into tomorrow. an area that should be on the lookout over the next 24 hours include northeast florida to coastal georgia, including eastern sections of the carolinas.er we're talking squally weather beginning later tonight into tomorrow fm jacksonville to the outer banks of north carolina. and we're also talking about wind gusts from 40 to 50 miles per hour in this corridor. and also flooding tides from the outer banks of north carolina to...
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Dec 11, 2012
12/12
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both the creek and the canal overtop their banks when sandy's storm surge reached them. the water lapped on to sidewalks and poured into buildings nearby. here in the green point neighborhood the newtown creek is less than a quarter mile away. one of new york's biggest sewage treatment plants, which was also in the flood zone, is just around the corner. resident jacqueline lomb barred says water poured into her house from both directions. >> the evening that sandy hit, we were hit with an eight-foot storm surge. that basically flooded my basement up through the ceiling and my landlord's basement here up through their first floor. so it was a very smelly noxious mix. >> reporter: the flood waters drained out of lomb barred's basement imikly but left a lot of muck behind. >> there was a lot of silt, a lot of mud, a lot of debris. sewage that flowed in and then flowed out. and the residue was left. >> reporter: the flood left residue in this person's waterfront furniture workshop too. >> there was an oily sheen, a slippery feel to everything. i saw a good number of things t
both the creek and the canal overtop their banks when sandy's storm surge reached them. the water lapped on to sidewalks and poured into buildings nearby. here in the green point neighborhood the newtown creek is less than a quarter mile away. one of new york's biggest sewage treatment plants, which was also in the flood zone, is just around the corner. resident jacqueline lomb barred says water poured into her house from both directions. >> the evening that sandy hit, we were hit with an...
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Nov 6, 2012
11/12
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and the northeast took slow steps toward recovery, one week after hurricane sandy hit. everyone gets sick, even the leader of the free world. hari sreenivasan takes a look at how health affects the presidency. >> sreenivasn: this year's candidates have clean bills of health, but that hasn't always been the case. we look at the ailments of past presidents, from depression he influenza to heart attacks. that's on our health page. as we see a final day of campaign ads, historian michael beschloss reflects on a 1976io commercial for gerald ford that never aired because it was too emotional for its time. and on our world page, video journalist toby muse filed a report of his visit with the gravediggers of aleppo, syria. all that and more is on our web site, newshour.pbs.org. gwen? >> ifill: and that's the newshour for tonight. i'm gwen ifill. >> woodruff: and i'm judy woodruff. we'll see you online, and again here tomorrow evening, with full coverage of election day voting, and stay with you all night with results and analysis as the polls close. thank you, d good night. n m
and the northeast took slow steps toward recovery, one week after hurricane sandy hit. everyone gets sick, even the leader of the free world. hari sreenivasan takes a look at how health affects the presidency. >> sreenivasn: this year's candidates have clean bills of health, but that hasn't always been the case. we look at the ailments of past presidents, from depression he influenza to heart attacks. that's on our health page. as we see a final day of campaign ads, historian michael...
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Dec 18, 2012
12/12
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two of the 20 first graders killed at sandy hook elementary. townspeople are still reeling. >> really sad. i didn't want to go back to work today. it hit me hard because i got two kids too. the same age that happened to these kids. it really hit hard, like a parent, like a dad. >> suarez: a somber weekend had concluded with last night's vigil at newtown high school about a mile away from the scene of the killings. ( applause ) police and emergency personnel got a standing ovation as they entered the auditorium. president obama met privately with the victims' families before addressing the shaken crowd. >> i can only hope it helps for you to know that you're not alone in your grief. that our world too has been torn apart, that all across this land of ours we have went with you. we pulled our children tight. and you must know that whatever measure of comfort we can provide, we will provide. whatever portion of sadness that we can share with you to ease this heavy load, we will gladly bear. newtown, you are not alone. >> suarez: the weekend also b
two of the 20 first graders killed at sandy hook elementary. townspeople are still reeling. >> really sad. i didn't want to go back to work today. it hit me hard because i got two kids too. the same age that happened to these kids. it really hit hard, like a parent, like a dad. >> suarez: a somber weekend had concluded with last night's vigil at newtown high school about a mile away from the scene of the killings. ( applause ) police and emergency personnel got a standing ovation as...
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Nov 9, 2012
11/12
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shortages of gasoline have plagued new york and new jersey since "sandy" hit. today, new york city mayor michael bloomberg ordered gas rationing into effect. the gunman in last year's arizona shooting rampage was sentenced today to life in prison without parole. jared lee loughner killed six people and wounded 13, including congresswoman gabrielle giffords. she later resigned to focus on her recovery. several victims, including giffords, were in federal court today in tucson. her husband, astronaut mark kelly, told loughner, "you may have put a bullet through her head, but you haven't put a dent in her spirit." afterward, the u.s. attorney for arizona spoke to reporters. >> it is our hope that the final resolution of this case will be a positive step towards their healing process, physically, emotionally, and psychologically. it was with them in mind that we entered into this plea agreement with the defendant. >> sreenivasan: loughner pleaded guilty, thereby avoiding the death penalty. a warplane from iran fired on an american drone over the persian gulf last w
shortages of gasoline have plagued new york and new jersey since "sandy" hit. today, new york city mayor michael bloomberg ordered gas rationing into effect. the gunman in last year's arizona shooting rampage was sentenced today to life in prison without parole. jared lee loughner killed six people and wounded 13, including congresswoman gabrielle giffords. she later resigned to focus on her recovery. several victims, including giffords, were in federal court today in tucson. her...